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Fed Cuts Interest Rates Again—But Uncertainty Swirls As Trump Policies Could Fuel Inflation

The Federal Reserve lowered the federal funds rate for a second consecutive time Thursday, but the economic policies floated by President-elect Donald Trump have some economists questioning the path of interest rates heading into next year. At the conclusion of the policy-setting Federal Open Market Committee’s two-day meeting, the central bank announced it cut the federal funds rate by 25 basis points to 4.5% to 4.75%, the lowest level since March 2023. The announcement comes...